1. Via the analysis of agricultural risks presented in scientific works, to establish types of risk describing the internal farm situation.
2. To identify the advantages of an integrated risk assessment.
3. To create an empiric factor risk index for Lithuanian farms making it possible to conduct an integrated farm risk assessment.
This article describes the constructed Lithuanian farm risk index which assesses risk in an integrated manner and is useful for farmers as an instrument for evaluating, managing and forecasting farm activities .
KEYWORDS: agricultural risk, assessment, financial risk, Lithuania.
JEL classification: C52, Q13, G32, D24, C38.